A Guide to Hydrocarbon Licences in Denmark, Exploration and ...

23p.-(1) Where a CO2 storage site has been closed pursuant to section 23k(2)(iii), transfer of
responsibility shall be deemed to have taken place if and when all available evidence indicates that
the stored CO2 will be completely and permanently contained, and after the CO2 storage site has
been sealed and the injection facilities have been removed.
(2) The Minister for Climate and Energy may lay down more detailed rules and regulations
regarding the transfer of responsibility for CO2 storage sites pursuant to subsection (1) and
regarding the documentation to be made available before the transfer of responsibility can be
deemed to have taken place.
23q.-(1) A holder of a licence for a CO2 storage site shall provide valid and effective financial
security or any other equivalent for the estimated costs of all obligations following from the licence
for CO2 storage. The financial security or any other equivalent shall be periodically adjusted to take
account of changes to the assessed risk of leakage and the estimated costs of all obligations arising
under the licence for storage of CO2. The financial security or any other equivalent shall be valid
and effective before commencement of injection into a CO2 storage site.
(2) The financial security or any other equivalent, see subsection (1), shall remain valid and
effective:
(i) after a CO2 storage site has been closed pursuant to section 23k(2)(i) and (ii) until the
responsibility for the storage site is transferred to the Minister for Climate and Energy, see
section 23o; and
(ii) after the withdrawal of a CO2, storage licence, see section 23m or section 30(1);
(a) until a new licence for storage of CO2 has been issued to another licensee; or
(b) where the storage site is closed pursuant to section 23n(1) until the transfer of responsibility
has taken place pursuant to section 23o, provided the payment stipulated in section 23r has
been effected.
(3) The Minister for Climate and Energy may lay down more detailed rules and regulations
regarding the establishment, adjustment and maintenance of the financial security or any other
equivalent and regarding the calculation of coverage of such security.
23r.-(1) Before the transfer of responsibility pursuant to section 23o, the licensee shall pay an
amount to the Minister for Climate and Energy to cover the expected monitoring costs for a period
of 30 years. No other costs may be imposed following the transfer of responsibility, but see section
23s.
(2) The Minister for Climate and Energy may lay down more detailed rules and regulations regarding
the calculation and payment of the costs referred to in subsection (1) above.
23s. If, before or in connection with the transfer of responsibility, the holder of a licence for a CO2
storage site is guilty of providing deficient data, has concealed relevant information, displayed
negligence or deceit or has failed to exercise due diligence, the Minister for Climate and Energy
shall order the previous licensee to pay the costs incurred after the transfer of responsibility.
23t.-(1) Potential users are entitled to use CO2 transport networks and CO2 storage sites against
payment, but see subsection (3).
(2) The prices and conditions for transport in CO2 transport networks and storage at CO2 storage
sites pursuant to subsection (1) shall be determined by the CO2 transport network company and the
storage company, respectively. The companies shall publish their tariffs and conditions for use of
CO2 transport networks and CO2 storage sites.